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Citigroup CCO Stepping Down

October 19, 2016

John Davidson, Citi's chief compliance officer, is stepping down after 3 years in that position and about 8 years at the firm.  In a memo to Citi staffers, CEO Michael Corbat described Mr. Davidson’s departure as a retirement and said Mr. Davidson would stay on until the bank named a replacement.

 

Mr. Davidson joined Citigroup in 2008 as CAO for risk management previous employment at exchange operator CME Group and Morgan Stanley. His ex-boss Brian Leach, who was Citigroup’s top risk officer, retired last year.